Splits

• Three months into the conflict in Iran, global markets have split into distinct winners and losers as the war persists. • Persistently high oil prices are driving renewed inflation fears, forcing policymakers to struggle with economic stability. • Several Asian countries are facing significant financial strain due to sliding currency values linked to the geopolitical instability.

Donald Trump says he is ‘working very hard’ with House Republicans to extend Section 702 without changesUS politics live – latest updatesA controversial law that grants the US government sweeping powers for warrantless surveillance is set to expire next week. Replacing it has inspired fierce debate within the White House and Congress, including a scheduled vote cancelled the day of.A coalition of progressive Democrats and far-right Republicans is pushing for reform of Section 702 of the Foreign Intelligence Surveillance Act (Fisa), but they face strong bipartisan opposition from lawmakers advocating for an 18-month renewal with no changes, in line with Donald Trump’s demands. House GOP leaders delayed a procedural vote on a clean extension of Section 702 on Wednesday, after the chamber’s rules committee approved the measure on Tuesday night. Republican leadership was expected to bring the measure to the floor on Wednesday but canceled the scheduled vote, amid dissent from privacy advocates in their own party. Legislative action on the bill could still occur later in the day, as Republicans address their internal disagreements. Continue reading...